Word: maining
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JULY 11 IndyMac closes main branch at 3 p.m. and tapes notice of FDIC takeover on door...
...Belgium New Crisis for a Divided Nation Prime Minister Yves Leterme offered his resignation July 14 after failing to negotiate an agreement between Belgium's two main regions, reigniting fears that the country could split along linguistic lines. Leterme--who took office in March, ending nine months without a permanent government--had wanted to grant more autonomy to the majority northern, Dutch-speaking Flanders and the minority southern, French-speaking Wallonia. With King Albert II refusing to accept the resignation, Leterme remains in office...
...this most clearly in the case of Fannie Mae and Freddie Mac, which buy mortgages from banks, thrifts and mortgage brokers and repackage them for sale to investors around the world. The two government-chartered companies have, together with the Federal Housing Administration, been the main factors in keeping mortgage-lending going in the U.S. since the market for private mortgage-backed securities collapsed last summer. They've been able to keep financing mortgages because of the widespread belief that if they faltered, the government would step in to make buyers of their mortgage securities whole. If Paulson...
...only part of what's going wrong in Afghanistan. In 2002, I walked safely along the length of the road between Herat and Obey in western Afghanistan. Recently aid workers were carjacked on that road, and it is now considered too dangerous for aid agencies, effectively closing the main access to the central regions of the country. In provinces close to Kabul, such as Wardak, Ghazni and Logar, which were easy to visit two years ago, foreigners are regularly attacked and girls' schools burned at will. Afghanistan produces 92% of the world's opium (used to make heroin...
...often ignored by Afghan civil servants and are invisible to the population. Our lack of success despite our wealth and technology convinces ordinary Afghans to believe in conspiracy theories. Well-educated people have told me that the West is secretly backing the Taliban and that the U.S.'s main objective was to steal Afghanistan's emeralds, antiquities and uranium - and that we knew where Osama bin Laden was but had decided not to catch...